Monday, January 31, 2011

Trade of the day: GOLD/USD

Gold had a great month of December but since then we have seen a steep fall. However the consequent rise today shows that Gold still has a lot of potential this year with investors holding it as fruitful reserver of cash.
I believe that the Gold hit a low last Friday at 1308.35 and that we should see Gold being traded around 1330 this week.


Trade of the day:

GOLD/USD will not touch 1300 between now and the 07/02/11 (7 days). This trade offers a return of 22%.
This is valid for today and Tomorrow only (unless the market gains too much tomorrow).



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